Community Voices

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Posts tagged Location - China

Competitive Power Market – The Missing Piece Bridging China’s Short-Term Energy Realities and Long-term Climate Ambitions

Since China announced its ambitious plans to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060, how to realize these goals has been a main focus of the world’s attention. The biggest challenge the country faces is how to navigate the energy transition away from coal-fired electricity, which accounts for roughly 60% of its total power generation and around 40% of its annual CO2 emissions.